UAB “Vanagas Asset Management”, an investment sub-holding of the “Vanagas Group”, successfully completed a public placement of a bond tranche on 29 August 2025, raising EUR 3.8 million at nominal value. The initially offered tranche size was EUR 2 million, but due to strong demand it was nearly doubled.
The bonds carry a 9.5% yield, a 26-month maturity. The issue attracted strong interest not only from Lithuanian but also from Latvian and Estonian investors. The bonds will mature on 29 October 2027, and in the coming months are planned to be listed on the First North Bond List (Nasdaq Vilnius).
The Group intends to allocate the raised capital towards new acquisitions and project development in Vilnius and other priority locations. Vanagas Group covers the entire real estate development cycle: from land acquisition and project design to fundraising, construction, sales management, and administration. In total, approximately 2,400 apartments could be developed.
In spring 2025, the Group successfully placed its first bond tranche, raising EUR 3.4 million, which enabled an accelerated acquisition schedule, with part of the proceeds already allocated to ongoing projects.
The newly issued bonds are secured by a first-rank pledge of shares in project companies as well as a pledge over Vanagas Group’s receivables. The Issuer has committed to ensure that throughout the bond term, the value of the pledged shares will at least double the outstanding obligations.
The new bonds were admitted to trading on Nasdaq First North on 2 September 2025.
For more information please contatct:
Raimundas Lukoševičius
CFO
raimundas@vanagasgroup.lt
+370 646 50488